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CITIC Securities Co., Ltd. is a Chinese full-service investment bank. [1] It offers services in underwriting, research, brokerage, asset management, wealth management, and investment advisory. CITIC Securities was established in 1995 and it is headquartered in Shenzhen, Guangdong Province.
In 2023, China Huarong Asset Management, the company that manages the troubled assets, contracted to buy 5.01 percent of Citic Limited for HK$13.6 billion (US$1.7 billion). Huarong will acquire a stake from CITIC Group’s subsidiary, Citic Polaris. In addition, Huarong plans to change the name to China Citic Financial Asset Management.
On July 31, 2013, CITIC Securities acquired the remaining 80.1% of CLSA from Crédit Agricole and CLSA became wholly owned by Citic Securities. Controversies that have hit the firm include the Securities and Futures Commission reprimand in May 2004; Asiamoney “vote-rigging” email in 2005; and Allen Lam insider-trading conviction in July 2009.
CITIC Securities Co Ltd , China's biggest brokerage, said on Thursday first-half net profit rose 13 percent, led by steady growth in its securities investment and asset management businesses. Net ...
SHANGHAI/BEIJING, Oct 30 (Reuters) - China's biggest brokerage CITIC Securities Co Ltd reported on Tuesday a 42 percent drop in third-quarter earnings on shrinking investment returns. Net profit ...
Founded in China in 1995, CICC provides investment banking, securities and investment management services to corporations, institutions and individuals worldwide. Headquartered in Beijing, CICC has over 200 branches in Mainland China and offices in Hong Kong, Singapore, New York City, London, San Francisco, Frankfurt and Tokyo.
A new firm with the same English trading name China Securities but different Chinese name (Chinese: 中信建投证券; lit. 'CITIC Jianyin Securities') was established by CITIC Securities and China Jianyin Investment in 2005 [8] and receiving the client from the old firm, but did not bear any legal responsibility of the old firm.
Stocks fell Monday in turbulent trading linked to President Donald Trump's tariff announcements. The Dow Jones Industrial Average fell 0.3%, while the broader S&P 500 declined 0.8%. The tech-heavy ...